Elstar likely to float oil and fat shares on floor this month

Should it do so, the firm expects to collect zł.45 million from the floor and invest the money in biofuels, ensuring the further expansion of its activities within the rape seed processing sector. The second largest oils and fat producer in the country, Elstar has reserved 1 million shares for institutions and a further 500,000 for individual investors. With the issue price already established at between zł.24-30, the flotation has so far aroused significant interest among pension and investment funds. Indeed, analysts at the Internet Brokerage House asses the value of the company's shares as being around zł.38-39. (Puls Biznesu, p. 11, Parkiet, p. 4) K.J.